CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Crude Oil Analysis

US Session Analysis for CFD Instruments 29/06/2023

Fundamental analysis

29 June, 2023

Oil prices fell on Thursday, paring some of the previous day's gains, as investors took profits on concerns of further interest rate hikes dampening economic growth and global fuel demand while weak economic data in China also weighed on sentiment.

Technical analysis

Crude Oil Analysis Technical analysis 29/06/2023
Time Frame: 1 hour

CRUDEOIL Support & Resistance Table - 29/06/2023

Support & Resistance Level Explanation
Resistance 2 71.48 Daily R2
Resistance 1 70.72 Daily R1
Support 1 68.70 Daily S1
Support 2 67.94 Daily S2

CRUDEOIL Indicator Table - 29/06/2023

Indicator Signal
SMA 20 Buy
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Buy
Stochastic ( 9;6;3) Buy

CRUDEOIL Indicator / Period Table - 29/06/2023

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Buy SellSell
SMA 20 Buy SellSell

CRUDEOIL 29/06/2023 - Reference Price : 69.91

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Crude OIL Chart
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